I have been looking for a level here to get long the US dollar. Looking at long term chart, I think there is another 3 cent down side risk here. 71 area is where I’d like to buy it, either on a flush or after a slow grind down to those levels.
The Bernanke speaks in a historical press conference.. Does anyone ever remember Greenspan ever having a press conference?
I stick by what I wrote yesterday. I’d turn off the computer and go fishing if I was thinking of trading bonds or stock indexes.
Interesting to see talk of the CME asking to expand limits in the corn from 30 cents to 50 cents. That will cause clearing firms to raise margins. Raising margins decreases the number of players.
That is all.
CER